The Alberta Utilities Commission on May 29 approved an application from Capital Power Corp. for a change in ownership for the Clover Bar power plant.
Capital Power had filed a May 12 application with the commission for approval of a change of ownership for the Clover Bar gas turbine power plant (CBEC). The application requested the change of ownership of the CBEC from Capital Power Management Inc. (the general partner of Capital Power (Alberta) Limited Partnership) to Capital Power Generation Services Inc. (CPGSI) (the general partner of Clover Bar Energy Centre Limited Partnership).
In January 2010, Capital Power Management Inc., Capital Power Development Management Inc., CPGSI, 1509186 Alberta Ltd., and 1509211 Alberta Ltd. amalgamated under the name CPGSI. In June 2013, CPGSI amalgamated with Island Generation Inc. under the name CPGSI.
The gas-fired, 243-MW Clover Bar Energy Centre is located in Edmonton, Alberta. It is a simple-cycle facility, with Unit 1 commissioned in 2008, and Unit 2 and 3 commissioned in 2009.
Said Capital Power in an April 24 financial statement about first quarter performance in its Alberta power plant segment: “For the three months ended March 31, 2015, generation and availability was consistent with the same period in 2014. Generation from Shepard Energy Centre, improved availability at Genesee 3, and lower derates (reductions in power generation capacity) at Keephills 3 were offset by lower dispatch of Clover Bar Energy Centre and Joffre due to market conditions. The acquired Sundance PPA units experienced fewer outages but had increased derates compared with the same period in 2014.”